6.25 BTC during halving might not be worth for the miners if the price will still be $1000+. And so I guess more and more miners might sell out by that time. But if the price indeed will rise up to $5000, BTC will still be the first coin on top of the marketcap and will remain so it after years. I guess all my altcoins will also be worth keeping if their price still gets to remain as is.
The rise of Bitcoin price is also the rise of the altcoins value, same goes if it dips rock bottom because altcoins will also hit down.
Topic: WHAT HAPPENS AFTER THE NEXT BITCOIN HALVING - page 3. (Read 2967 times)
Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?
"block halving" has no effect on the supply of bitcoin, there is going to be millions of coins available. it is a misunderstanding to say "bitcoin supply will go down" it is mostly about the market and how the amount that miners can sell decreases, they call that supply in trading.
what block having changes is the rate of creating new coins. now it is 12.5 per block and it will be 6.25 per block in the future and we still have 16.5 million of today and the additional coins that are generated up to that point.
so what do you mean "there is no life after this"
In the next halving the block rewards will be turn into half then the mining difficulty will be higher again and it may affect the price because the supply is being lessen again. If the price won't adjust to a profitable one then the miners will decide to abandon bitcoin but i hope that will not happen. If the bitcoin are all mined then we will just rely on the supply in the market and the thing that i'm sure is the one who will win the game is the one who got the most of the supply.
Thats why its really a good thing that we do save bitcoin as much as we can since halving would really be there and in that situation supply does lessen into half and if demand is high and the supply is lower beyond it then expect prices will surge because of the demand.
People were also expecting that last halving would kill bitcoin due to the much smaller rewards, this didn't happen.
Bitcoin will have mining rewards well into 2100, by that time, if bitcoin is still around, solutions to this potential problem will have been found and accepted by the community. The ultimate idea is ofcourse that the transaction fees are enough to cover the lost mining fees (which don't need to be 12.5 bitcoin per block if price is sufficient).
Just like the bitcoin scaling debate is being solved as we speak? Until bitcoin community will unite and fix current bitcoin problems:Bitcoin will have mining rewards well into 2100, by that time, if bitcoin is still around, solutions to this potential problem will have been found and accepted by the community. The ultimate idea is ofcourse that the transaction fees are enough to cover the lost mining fees (which don't need to be 12.5 bitcoin per block if price is sufficient).
block scaling, transaction malleability, rising transaction fees, longer confirmation times (far longer than promised 10 minutes)
Until then I refuse to believe that any future Bitcoin's problems could be solved in a decentralized environment.
Just like the last halving price pushes upward and many people doubting the potentials of bitcoin now will still be left behind then.
By my estimation price will rise to the range of $7000+ by then.
By my estimation price will rise to the range of $7000+ by then.
Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?
Now bitcoin has a relatively stable price of around $1000 because of the last year halving,i guess.
I don`t really care about miners and their rewards.The worldwide quantity of bitcoin is more than enough.
I am pretty sure that you don't know how bitcoin works. Do you believe that quantity of bitcoin gives strength? Why not take a bag of Zimbabwean dollars where 1USD=35 quadrillion Zimbabwean dollars? Bitcoin has value because many people all over the world believe that it has. And as currency must have some properties where one of them is that would not be counterfeited. Without miners bitcoin network is not secure. If bitcoin looses its trust between people then will be a worthless software code like as we called it as shitcoin. So miners and devs and nodes and normal bitcoin users are very important in the bitcoin ecosystem where anyone of them has his own position, and distinct worth.
From all the expectations during the June ramped up excitement all the way to July when it actually happened
it felt like nothing really changed right after it did drop. It kind of fell flat with no significant increase in the price.
When does the next halving occur anyways?
it felt like nothing really changed right after it did drop. It kind of fell flat with no significant increase in the price.
When does the next halving occur anyways?
nothing is going to happen that hasn't happened the past two times. the block reward will be half of what it is right now and if price continues going up (which my speculation says it is) then miners continue making profit. and if not some miners will leave, difficulty drops and we will continue using bitcoin as before !
I guess the same thing will happen... Nothing will be change, which will include a negligible price change...
What will happen will happen before the halving...
What will happen will happen before the halving...
Like the last halving (where my expectations were crushed when no sudden jump in bitcoin prices happened lels / or at least how I envisioned it would go down), it'll probably just mean more difficulty for mining / miners (but I guess with how others see it, that wouldn't really matter) with more price stability going upward as we move forward.
To actually answer the question and not only make predictions here is what will happen. After the next halving the reward for a block will be only half as big as it is now. So instead of getting 12.5 Bitcoins plus the fees for creating the next valid block you will get 6.25 Bitcoins plus fees. That is all. It has no effect on hashing power or difficulty. A change on fees as well as price is just speculation as well as a collapse of the whole system.
In the next halving the block rewards will be turn into half then the mining difficulty will be higher again and it may affect the price because the supply is being lessen again. If the price won't adjust to a profitable one then the miners will decide to abandon bitcoin but i hope that will not happen. If the bitcoin are all mined then we will just rely on the supply in the market and the thing that i'm sure is the one who will win the game is the one who got the most of the supply.
Thats why its really a good thing that we do save bitcoin as much as we can since halving would really be there and in that situation supply does lessen into half and if demand is high and the supply is lower beyond it then expect prices will surge because of the demand.
it's hard to say. Bitcoin is a huge amount of volume in the market. so figure half will be tremendously big, the Bitcoin balance can be reduced heavily. this can cause problems for the miners. And the price of Bitcoin will change unexpectedly, we can not say this. So I hope it will not happen
Personally, I will be more interested in the price of bitcoin and the adoption of bitcoin in general. Even if the mining difficulty rises, there will be miners who can handle the competition and they will keep mining. At least that is what we are witnessing now. And bitcoin will be the king of all crypto currencies. So we don't need to go looking for the next bitcoin in the making.
Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?
Nope, we dont need to migrate to other altcoins. If there are limited supply the price of bitcoin will just increase and it will never stops to increase in price. When the price of bitcoin will reach 100 million dollars then that will be the time that we will need alternative coins or possibly we will not and just increase more zeros after 1 satoshi. There are many solutions to the problems so there is no need to worry about it.
Was reading an article online which lead me thinking to what will happen after the next block halving> http://www.bitcoinblockhalf.com .
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?
I know Bitcoin has a limited supply, so does that mean when all bitcoins are mined there will no life after this time or we shall rely on the available coins to keep circulating or we all have to migrate to the next best altcoin ?
Now bitcoin has a relatively stable price of around $1000 because of the last year halving,i guess.
I don`t really care about miners and their rewards.The worldwide quantity of bitcoin is more than enough.
With bitcoin price on rise,even a smaller mining rewards will be equal to previous mining rewards.
For example if mining reward goes to 1 btc per block and 1 btc is worth $10,000,wouldn't that be equal to 10 btc at today's btc rate?
For example if mining reward goes to 1 btc per block and 1 btc is worth $10,000,wouldn't that be equal to 10 btc at today's btc rate?
I think the effect will be a price increase. The last block halving happened last year and the effects will be seen this autumn: price increase is the most important, I'm looking for it to come for so long and can't wait to see if I am right!
In the next halving the block rewards will be turn into half then the mining difficulty will be higher again and it may affect the price because the supply is being lessen again. If the price won't adjust to a profitable one then the miners will decide to abandon bitcoin but i hope that will not happen. If the bitcoin are all mined then we will just rely on the supply in the market and the thing that i'm sure is the one who will win the game is the one who got the most of the supply.
Thats why its really a good thing that we do save bitcoin as much as we can since halving would really be there and in that situation supply does lessen into half and if demand is high and the supply is lower beyond it then expect prices will surge because of the demand.
In the next halving the block rewards will be turn into half then the mining difficulty will be higher again and it may affect the price because the supply is being lessen again. If the price won't adjust to a profitable one then the miners will decide to abandon bitcoin but i hope that will not happen. If the bitcoin are all mined then we will just rely on the supply in the market and the thing that i'm sure is the one who will win the game is the one who got the most of the supply.
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